Land and Buildings Transaction Tax (Scotland) Act 2013 section Schedule 17 para 22

The sum of the lower proportions in relation to a land transfer

Schedule 17, paragraph 22 sets out how to calculate the "sum of the lower proportions" in relation to a land transfer, which is a key figure used to determine any relief available on property transfers involving partnerships.

• The calculation involves identifying "relevant owners" and their "corresponding partners" within the partnership.
• Each relevant owner's share of the property after the transfer is apportioned among their corresponding partners.
• For each corresponding partner, the lower of two figures is taken: the apportioned property share or the partner's partnership share.
• If there are no relevant owners with corresponding partners, the sum of the lower proportions is nil, meaning no reduction applies.